If you are a member of a military family, you may be familiar with this common hiccup: What happens when you get orders to move out of state? There are many things to address, but if you have just purchased your first home and now are faced with such a big move, it can be stressful to try to figure out what steps to take first and if you try to seek out the answer, you may end up more confused than before.
We work with many military families every day so we decided to break down this simple questions into a simple answer. Of course, there are many more additions to it, but if you’re curious about what they are or have any follow up questions, please reach out to us and we’ll be happy to help you out.
First Step When Thinking Of Selling
So what is the answer? Well if you have a home and you need to move, the first step should always be to find the exact value of your home. But before you open up the search engine, exercise caution when looking at the home ranges which you can find online, since they are often times very far from the exact price.
Here’s what we mean when we talk about exact pricing. When you head online and try one of the home pricing tools, they are good for giving you a ballpark of what your home may be worth, which could be say $300,000 up to $450,000 which could be useful if you’re just in early stages of thinking about what you plan to do with your home, but when you’re ready to make a move, $100,000 is a hefty difference to ignore. Whether your home is worth the lowest or highest price, you need to know before you can make a decision, and that means finding out the pricing down to the dollar amount.
What this will help you with is knowing how much you have to gain (or lose) in the selling of the home, but finding the exact price of a home is not an easy task, which is why we can’t emphasize enough the need to contact a local real estate professional. Find a local neighborhood expert who is well versed in your area, and let them use their experience to give you the pricing that you need to know. This should give you the confidence of knowing you have a trusted source, and that you have an exact price to go off when making a decision.
Possible Options For Your First Home
Now, what decision is that? You get the option to sell the home and move on, or you could think about keeping the home as an investment property. Before you jump into that investment decision, there are some things to consider which we will cover on an upcoming blog, but consulting with a real estate professional will be important regardless of what route you’re going to. If thinking of investing, a CPA will be helpful as well, so don’t hesitate to use your resources!
We hope this helps to at least point you in the right path and not get bogged down by all the different opinions online. Don’t forget, we’re on social media if you have any questions, and keep on the lookout for our next blog coming out soon.